Question: Assume that the returns from an asset are normally distributed. The average annual return for this asset over a specific period was 17 2 percent
Assume that the returns from an asset are normally distributed. The average annual return for this asset over a specific period was 17 2 percent and the standard deviation of those returns in this period was 43.53 percent What is the approximate probability that your money will double in value in a single year? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) Probability of doubling What about triple in value? (Do not round intermediate calculations. Enter your answer as a percent rounded to 6 decimal places, e.g., 32,161616.) Probability of tripling %
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